"Bidens recently submitted budget for next year assumes interest on the debt will stay low because the White House assumes inflation will stay very very low. What the Federal Reserve is telling us today is that may NOT be the case."Read on Twitter
Here are other recent tweets from Bryan Steil:
"The Fed waited too long to move on interest rates and Washington continues to spend too much money. Now America is about to be hit with a double whammy. Higher interest rates and expensive debt payments."Read on Twitter
"With todays #ratehike the Fed is finally taking action to address out-of-control inflation. The Fed and other wonks have been saying inflation was transitory. Ive discussed the need to address the Feds massive balance sheet since Dec. of 2020."Read on Twitter
"Many economists dont think it will get this bad, but if it rises to even 5%, the cost will be $1 Trillion in annual payments. For comparison, the Federal Government spends ~$1.2 Trillion per year on Social Security and ~$1.4 Trillion on Medicare."Read on Twitter
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